I wonder if Don Argus knows at what price level commodities will rise before it becomes "too expensive" and therefore demand waning.
I suppose many forgot that BHP fell from $8 to $4.50 between 1997-1999 in a two year downtrend. Then again between $11.50-$8 between 2001-2003.
Yes, since then it has gone to the stratosphere to the current price level of $30 from $8.
The faster they rise the harder they fall!
I think a two year downtrend in the current "supercycle" to approximately $19..is More Than Needed.
dare you to short this..., page-19
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Last
$41.63 |
Change
-1.770(4.08%) |
Mkt cap ! $211.2B | |||
| Open | High | Low | Value | Volume |
| $42.00 | $42.20 | $41.58 | $447.3M | 10.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1239 | $41.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.63 | 14534 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |